WBH Advisory Inc. Invests $2.96 Million in Invesco S&P 500 Equal Weight ETF $RSP

WBH Advisory Inc. acquired a new stake in Invesco S&P 500 Equal Weight ETF (NYSEARCA:RSP) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,401 shares of the company’s stock, valued at approximately $2,965,000.

Several other institutional investors and hedge funds have also made changes to their positions in RSP. Brookstone Capital Management grew its position in shares of Invesco S&P 500 Equal Weight ETF by 2.5% in the fourth quarter. Brookstone Capital Management now owns 269,874 shares of the company’s stock valued at $51,697,000 after purchasing an additional 6,481 shares during the period. Banta Asset Management LP acquired a new position in Invesco S&P 500 Equal Weight ETF in the fourth quarter valued at $1,654,000. Allen Investment Management LLC lifted its position in Invesco S&P 500 Equal Weight ETF by 32.8% during the fourth quarter. Allen Investment Management LLC now owns 142,450 shares of the company’s stock worth $27,286,000 after buying an additional 35,220 shares during the period. Tennessee Valley Asset Management Partners purchased a new position in Invesco S&P 500 Equal Weight ETF during the third quarter worth about $777,000. Finally, Vise Technologies Inc. boosted its stake in Invesco S&P 500 Equal Weight ETF by 144.2% in the 4th quarter. Vise Technologies Inc. now owns 5,051 shares of the company’s stock worth $968,000 after buying an additional 2,983 shares during the last quarter. 61.18% of the stock is currently owned by hedge funds and other institutional investors.

Invesco S&P 500 Equal Weight ETF Stock Performance

Shares of NYSEARCA:RSP opened at $214.91 on Friday. The firm has a market cap of $93.84 billion, a price-to-earnings ratio of 20.10 and a beta of 0.91. The stock’s 50-day moving average price is $207.33 and its two-hundred day moving average price is $200.89. Invesco S&P 500 Equal Weight ETF has a 12-month low of $179.94 and a 12-month high of $215.61.

Invesco S&P 500 Equal Weight ETF Company Profile

Guggenheim S&P 500 Equal Weight ETF, formerly Rydex S&P 500 Equal Weight ETF, seeks to replicate as closely as possible, the daily performance of the S&P 500 Equal Weight Index (the Index). The Index is a capitalization-weighted index covering 500 industrial, utility, transportation and financial companies of the United States markets (mostly NYSE Euronext issues). The Index utilizes quarterly rebalancing to maintain its equal-weight stance. Under normal circumstances, the Fund will invest at least 90% of its net assets, plus any borrowing for investment purposes, in the equity securities (and derivatives thereof) included in the Index.